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David Taran

Real Estate Professional & Perpetual Optimist

About David

David Taran is a firm believer in pursuing a diverse and balanced life. David is a licensed real estate broker in the state of California and a practicing lawyer for California, New York, Florida, and Quebec. As the co-founder of Sunstar Capital, David brings more than 26 years of experience that includes many different aspects of the investment process including negotiation, acquisition, finances, development, redevelopment, construction, and investment and property management.

Sunstar Capital is a recently launched commercial real estate company focused on high-growth markets in the Western United States. The venture utilizes the merging of several seasoned professionals, including co-founder, Mark Skeen.

Background

Prior to his work at Sunstar, David was the founder of Divco West Properties, and also worked as a managing partner at his family’s manufacturing and retailing business. This venture, which operated on a global scale, gave him a perfect place to hone his diverse skill set that he continues to use today. As a partner, he worked on capital investments, strategic and financial planning, sales, real estate acquisitions, real estate negotiation, and currency trading and management.

David Taran also worked as a practicing attorney at Graham & James in Los Angeles. There, he specialized in Tax, Corporate, and Real Estate law. David holds a DEC degree from McGill University, an L.L.L degree from the University of Ottawa, a J.D. degree from Columbia University, and a Masters in Tax Law from New York University.

Throughout the span of his career, David has acquired $2.3 billion in real estate, which includes over 700 acres of land, 1,800 multi-family residential units, 449 hotel rooms, and 13.8 million square feet of buildings. David’s successful record is a testament to his diverse and balanced portfolio. David credits his rich portfolio to his earlier roles in as a managing partner and practicing attorney.

Meaningful, Mindful and Balanced

On a personal level, David is an advocate for creating a balanced, meaningful life. Despite his success, David upholds that a life filled with meaning and intent is far more enjoyable than a profitable one. To this end, he continues to support Project Happiness, a thriving non-profit started by his wife, Randy. Project Happiness is dedicated to providing the tools and resources needed for individuals to live an empowered, happier life.

David is proud to support the organization and serves on the board of directors. As a board member, David brings his unique experience and skill set to the table in an advisory capacity. His personal interest in the organization’s mission combined with his professional knowledge makes him an invaluable member of the board and his local community.

David’s continued passion for promoting greater happiness and meaning in everyday life continues to launch his career and leadership skills in exciting directions.

Connect with David

Recent Blog Posts from David:

Mortgage Rates Are Rising

Mortgage Rates Are Rising

The real estate market is fickle and always changing. It’s hard for borrowers to narrow down the perfect time to buy a new home and take the plunge. From year to year, the market goes through ups and downs. As it turns out, today’s mortgage rates of the real estate market are rising and show no sign of slowing down. New data released from Realtor.com, which collected mortgage rates from September 2017 and September 2018, has shown the month to month rise in mortgages across the country.   

Reported by Realtor.com, since last year the average U.S. monthly mortgage payment has increased 15.8%, which is about $223 per month. The increase was shown from a month to month rate. Across the country, each market was different but still showed a rise in their mortgage rates. Larger cities such as New York City and Seattle took the hardest hit in monthly mortgages. New York City showed $545 increase in their monthly mortgages and Seattle followed with $533 increase. Some cities had smaller increases in monthly mortgage that were not as significant. For example, the Tampa-St. Petersburg area only saw a $94 increase in monthly payments.

With no signs of mortgage rates slowing down, many wonder the impact this will have on borrowers. Those with lower monthly income and lower down payments will be most impacted by the obvious increase. As the prices rise, more people are keeping an eye on the real estate market. It’s important to realize that borrowers that are close to qualifying of qualifying will now need additional annual income to secure a mortgage. Some people will now have to settle for smaller homes and settle for what is more affordable. Properties that were once available to them are now far out of their reach.

Due to the increase in mortgage rates, many people have stepped back from buying homes. Most experts would advise against this and encourage everyone looking for a new home to continue their search. Borrowers should understand that the rates will continue to increase and are advised to start looking now. Although the mortgage rates continue to rise, it’s important to take advantage of the rates today because they could be even higher next year.

You Can Now Live in One of the Tallest Buildings in The World

You Can Now Live in One of the Tallest Buildings in The World

Everyone has their dream home and the place they’ve always wanted to live. Whether it’s a small house in the suburbs or a luxury apartment in the city, there is a place you see yourself living or dream to live. For some lucky individuals, it is now possible to live in one of the tallest buildings in the world. For the going price of $18 Million, you can live in the 111 West 57th Street tower in New York City. It will be a tower of luxury and class, offering an oasis for tenants to live.

Although the tower had a few hiccups and obstacles along the way, sales have now begun as it nears completion. The prices for condos are some of the most expensive in the city. To live in the 7,000-square-foot penthouse is priced at $57 million. The prices for the other smaller units, which measure 4,500 square-feet, are beginning at $18 million. Sales have already begun for the tower, but it is clear only a few select people will be able to afford and live in the tower. The units will offer its tenants stunning views from each floor.

The tower stretches 1,428 feet high and will be known as the thinnest skyscraper in the world. The developers of the residence, JDS Development Group, Property Markets Group and Spruce Capital Partners, worked hard to make the new tower as beautiful as possible. They wanted the beautiful views seen from the tower to be just as stunning as the tower itself. The exterior has terra cotta and bronze for a classic design while the units inside will feature white macauba stone floors and 14-foot-high ceilings. In the master bathrooms, residents will find walls and floors finished in veined white onyx.

The amenities do not end with the beautiful interior of the tower. Inside the walls of the tower, residents will quickly learned why pricing begins at $18 million. Tenants lucky enough to live there will have access to a spa with a sauna, steam room, 82-foot lap pool with private cabanas, private dining room, fitness center and so much more. The tower will become the most sought-after real estate in New York City.